View Full Version : PURE FISHING ACQUIRES SEBILE FISHING LURE BUSINESS


PRBuzz
02-08-2011, 04:28 PM
Hot from Cape Cod Tackle on FB:

PURE FISHING ACQUIRES SEBILE FISHING LURE BUSINESS

February 8, 2011 – Pure Fishing, Inc., a leading global provider of fishing tackle and a wholly-owned subsidiary of Jarden Corporation, today announced that it has acquired all of the assets of the Sebile fishing lure business from Sebile International SA and its subsidiaries

BigFish
02-08-2011, 04:47 PM
I bet Patrick Sebile made a few bucks!:uhuh:

mikecc
02-08-2011, 05:20 PM
For all of us who use sebiles this is not good.

JohnnyD
02-08-2011, 05:35 PM
There goes that gem. Sounds like a fast track to becoming garbage.

BigFish
02-08-2011, 05:38 PM
Thinking the same thing?? But is Patrick Sebile remaining with the company and working under PF??

zimmy
02-08-2011, 05:51 PM
wth? probably soon have to add them to my list of things that once were great
redfins, whiplash, megabaits, all-star blanks, batson su... I know I am misses tons things.

pmueller
02-09-2011, 10:08 AM
Interesting. I wonder why Jarden is in the tackle business. If I'm not mistaken, they make household appliances.

PRBuzz
02-09-2011, 10:50 AM
Interesting. I wonder why Jarden is in the tackle business. If I'm not mistaken, they make household appliances.

Jarden Corporation brands:

http://www.jarden.com/phoenix.zhtml?c=72395&p=outdoor-solutions

JohnnySaxatilis
02-09-2011, 11:51 AM
what a dope! why would u sell the company that just had a breakthrough year in sales!! Think of the one company that you know is going to grow next year when it comes to the fishing industry. sebiles on top of the list. i woulda rode that horse a little longer before jumpin off wouldnt you!? How much u wanna bet the company woulda been worth triple of what it is now in a few years. classic sell out, and probably just f'd himself out of millions.
That deal they gave him musta been SOME SWEET to make him part with a business like that. its like im watchin the social network right now lol

pmueller
02-09-2011, 12:45 PM
Jarden Corporation brands:

Jarden Corporation - Outdoor Solutions (http://www.jarden.com/phoenix.zhtml?c=72395&p=outdoor-solutions)

Must be thinking of another company.

tunaless greg
02-09-2011, 03:27 PM
That is when the multiple is the highest. Usually the contracts also have an earn-out, where the seller can participate in the growth for 1-2 years, and earn a multiple on the difference. Someone comes up with a lure hotter then his, suddenly no one wants to pay the higher price his lures seem to command.

Backbeach Jake
02-09-2011, 07:00 PM
I'd have sold, too. Why not retire if given the chance? No matter how hot or popular my product was, if given the chance to fish every day, I would.

BigFish
02-09-2011, 07:01 PM
YBFBI!:uhuh:

PRBuzz
02-09-2011, 07:36 PM
Must be thinking of another company.

Big company, they do household too

Jarden Corporation - Consumer Solutions (http://www.jarden.com/phoenix.zhtml?c=72395&p=consumer-solutions)

Finaddict
02-09-2011, 09:07 PM
Jarden is just a holding company - they own Sunbeam, Bicycle Playing Cards, and a myriad of other companies such as coolers, Coleman, K2 skis and much more, and more diverse ... an odd collection of mish mash of mediocre stuff (especially the fishing stuff as is being expressed above).

This purchase is not much of a surprise as 2011 is being called the year of M&A - mergers and acquisitions - in the media.

JohnnyD
02-09-2011, 09:51 PM
PURE FISHING ACQUIRES SEBILE FISHING LURE BUSINESS
My immediate reaction after thinking about pulled wires, cracked bodies, lopsided swimming:
YouTube - The Office- Michael Scott No God No (http://www.youtube.com/watch?v=31g0YE61PLQ)

Swimmer
02-09-2011, 10:06 PM
I'd like to sick #^&#^&#^&#^&ie Ecklund's sisters on that deal. Wicked bad.

JohnR
02-11-2011, 08:07 AM
Jarden Corporation brands:

Jarden Corporation - Outdoor Solutions (http://www.jarden.com/phoenix.zhtml?c=72395&p=outdoor-solutions)

Ouch

Wow. Good for Patrick Sebile, may not be so good for the rest of us.

That Jarden list shows a bunch of under-performers, eh.

Someone better swipe that signed copy hanging from a certain picture frame at a certain club nearby a certain bluff :devil2:

BasicPatrick
02-25-2011, 10:39 AM
In a related note....

Last night I went online to buy a replacement gasket for my Food Saver Vacuum machine (wore out freezing Oysters) and I noticed this in the receipt...

"Your credit card will be charged by Jarden Consumer Solutions."

morty
02-27-2011, 08:14 PM
What do you think will they upgrade the hardware and lower the prices?

bigbuck28
02-28-2011, 06:35 PM
Johnny D thats awesome!

Green Light
03-02-2011, 08:40 PM
Humm.... The only first thing that come to mind is that money changes every thing.

pmueller
03-11-2011, 06:23 PM
I thought I had seen the Jarden Company before. Yes, they are in the outdoor business as stated. But a large part of their business is coffee makers and other household items.
Thought I was going a little Crazy there. Not that it hasn't happened before.
A very good company to invest in by the way.